The paper is devoted to the state of youth employment in Ukraine. The analysis covers the period from 2004 to 2015. The aim of this paper is to describe and analyze the developmental trends, asymmetries and impact factors of youth employment in Ukraine. For the most part, the developmental trends of youth employment in Ukraine are typical of the general tendencies throughout the world, but some of these trends are specific only to Ukraine. The asymmetries of youth employment are researched in detail in connection with the problem of the interaction of the labour market and the education market. The competence approach is proposed as the main tool for integrating all subjects of the labour market and the education market to work on overcoming existing asymmetries in the youth labor market. (original abstract)

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